cartel
Translation
cartel
Examples
The government is investigating the oil cartel.
The government is investigating the oil cartel.
They formed a cartel to control prices.
They formed a cartel to control prices.
Grammar Patterns
((a cartel)) an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition They were accused of forming a cartel.
Similar Words
Synonyms: syndicate, trust, monopoly
Etymology
From German 'Kartell', from Italian 'cartello', meaning 'a little paper, a placard', a diminutive of 'carta' (paper). Originally a written agreement.
Memory Tips
Think of a group of companies that have a secret 'card' or agreement to control the market. Often associated with illegal organizations.